How should a material unusual or infrequent gain or loss be disclosed in the financial statements? 

O Reported as a separate item below net income or loss in the Income Statement. 

O Reported in "Other revenues and gains" or "Other expenses and losses" section of Income Statement and supplemented by a footnote. 

O Reported in operating revenues or expenses but not shown as a separate item. 

O Reported in separate section of Income Statement called "Unusual or infrequent gains or losses" and supplemented by a footnote.